864 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Purchased by CFC Planning Co LLC

CFC Planning Co LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 864 shares of the semiconductor company’s stock, valued at approximately $511,000.

Other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its position in shares of Monolithic Power Systems by 49.6% during the 4th quarter. Vontobel Holding Ltd. now owns 38,853 shares of the semiconductor company’s stock valued at $22,989,000 after purchasing an additional 12,887 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Monolithic Power Systems by 5.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,512 shares of the semiconductor company’s stock valued at $12,568,000 after purchasing an additional 1,034 shares during the period. Kickstand Ventures LLC. purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $322,000. Van ECK Associates Corp boosted its position in shares of Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after buying an additional 328,203 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Monolithic Power Systems by 5.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 206,652 shares of the semiconductor company’s stock valued at $122,784,000 after buying an additional 9,978 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the sale, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Up 0.1 %

Shares of Monolithic Power Systems stock opened at $699.99 on Friday. The firm’s 50 day moving average is $625.79 and its 200 day moving average is $752.19. The firm has a market capitalization of $34.15 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing analysts’ consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a net margin of 80.95% and a return on equity of 22.49%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio is presently 13.60%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MPWR shares. Citigroup assumed coverage on shares of Monolithic Power Systems in a report on Wednesday, December 11th. They set a “buy” rating and a $700.00 price target on the stock. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Finally, TD Cowen decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $866.17.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.